Oxford Industries (NYSE:OXM) Releases Q1 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its first quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.600-2.800 for the period, compared to the consensus earnings per share estimate of 3.580. The company issued revenue guidance of $395.0 million-$415.0 million, compared to the consensus revenue estimate of $419.2 million. Oxford Industries also updated its FY 2024 guidance to 9.300-9.700 EPS.

Oxford Industries Stock Performance

OXM stock traded down $0.07 during trading hours on Thursday, hitting $112.40. 298,588 shares of the stock were exchanged, compared to its average volume of 174,246. Oxford Industries has a 12 month low of $82.33 and a 12 month high of $113.88. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.11. The company has a 50-day simple moving average of $101.06 and a two-hundred day simple moving average of $96.53. The firm has a market capitalization of $1.76 billion, a P/E ratio of 11.78 and a beta of 1.59.

Analyst Ratings Changes

Several research firms recently weighed in on OXM. UBS Group raised their price objective on Oxford Industries from $105.00 to $106.00 and gave the company a neutral rating in a research note on Tuesday, March 19th. Telsey Advisory Group reiterated a market perform rating and set a $102.00 price target on shares of Oxford Industries in a report on Monday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $103.20.

Institutional Investors Weigh In On Oxford Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in Oxford Industries by 6.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,726 shares of the textile maker’s stock worth $673,000 after buying an additional 383 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Oxford Industries by 10.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,307 shares of the textile maker’s stock worth $331,000 after acquiring an additional 313 shares during the last quarter. Barclays PLC raised its stake in Oxford Industries by 154.5% in the 4th quarter. Barclays PLC now owns 28,865 shares of the textile maker’s stock valued at $2,888,000 after acquiring an additional 17,523 shares during the period. Nuveen Asset Management LLC lifted its holdings in Oxford Industries by 3.6% during the fourth quarter. Nuveen Asset Management LLC now owns 42,108 shares of the textile maker’s stock valued at $4,211,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Oberweis Asset Management Inc. boosted its position in Oxford Industries by 4.3% during the fourth quarter. Oberweis Asset Management Inc. now owns 31,500 shares of the textile maker’s stock worth $3,150,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand; and men, women, and kids products under the Southern Tide brand.